According to Amac News: Alpha Dhabi Holding PJSC's statement stated that it will retain 51 percent of ADCH shares and continue its commitment to the construction sector in a strategic partnership with ADQ.
Led by ADH subsidiary Trojan Construction, ADCH is known for its commitment to national development.
ADCH successfully executes large scale residential community projects for local real estate developers including Aldar, Modon Properties and Emaar.
The new partnership combines the expertise and capabilities of ADCH and ADQ, cementing ADCH's position as an industry leader and growth engine for the UAE.
This agreement represents a new era of innovation in the construction industry that will strengthen the leadership of Alfa Dhabi Construction Holding by combining the strengths of both entities.
The agreement comes amid large-scale construction investments across Abu Dhabi to provide new housing opportunities, create new employment and help diversify the UAE's economy.